Caravan hire company Camplify goes public via AU$11 5m IPO shorttermrentalz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shorttermrentalz.com Daily Mail and Mail on Sunday newspapers.
Newcastle startup Camplify lists on the ASX in $11.5 million IPO
Camplify founder Justin Hales. Source: supplied.
Aussie Airbnb-for-campers startup Camplify has listed on the Australian Securities Exchange in an $11.5 million IPO, after the COVID-19 pandemic left the domestic travel sector ripe for disruption.
Founded in 2015 and based in Newcastle, New South Wales, Camplify is essentially an Airbnb for caravans, allowing the owners of RVs, campers and other homes on wheels to rent them out to holiday makers.
The startup lodged its prospectus in May, with an offer price of $1.42 per share, giving the business an enterprise value of $42.1 million at completion.
Campify is like an Airbnb for caravans and campervans traveller.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveller.com.au Daily Mail and Mail on Sunday newspapers.
Camping and campervan trips are seeing a huge boost this summer as more families opt for staycations. We reveal the most sought after locations, and what you need to know before you go.
QuirkyCampers Watlington Record numbers of Brits are set to rent out their campervans as it looks like being a summer of staycations. Van sharing platform Camplify recorded a 367 per cent increase in bookings in February following a whopping 1,000 per cent increase last June after the first lockdown was lifted. The surge in demand means owners have an unprecedented opportunity to cash in by renting out their vans and motorhomes. Camplify reports that owner sign-ups have gone up 240 per cent since February. Sarah and Dan listed their family motorhome (named Coco) with Camplify earlier this year and received their first booking within a week.